Breaking News Instant updates and real-time market news.

2018-06-14 07:02:01

KSS

Kohl's

$75.71

-2.605 (-3.33%)

07:02

06/14/18

06/14

07:02

06/14/18

07:02

Citi downgrades Kohl's to Neutral after 27% post-earnings rally

Citi analyst Paul Lejuez downgraded Kohl's to Neutral from Buy while raising his price target for the shares to $75 from $71. The stock is up 27% since the company reported "underwhelming" top line results on May 22, Lejuez tells investors in a research note. The analyst sees a more balanced risk/reward as current levels. While Q2 trends to date have improved, the Q1 sales shortfall is a reminder that the traffic challenges are real, the analyst contends.

KSSKohl's

$75.71

-2.605 (-3.33%)

06/07/18

FBCO

06/07/18NO CHANGETarget $74FBCONeutral

Kohl's price target raised to $74 from $64 at Credit Suisse

Credit Suisse analyst Michael Binetti raised his price target for Kohl's to $74 from $64 as he believes the company's strategic initiatives seem to be working, and improving trends from mid-April should have continued into Q2. Nonetheless, the analyst reiterates a Neutral rating on the shares given 2H guide and valuation.

06/07/18

JEFF

06/07/18NO CHANGETarget $115JEFFBuy

Kohl's price target raised to $115 from $100 at Jefferies

Jefferies analyst Randal Konik raised his price target for Kohl's to $115 after spending time with management and his real estate deep dive. Management highlighted peer closures as a "tremendous opportunity," something the Street is underappreciating, Konik tells investors in a research note. He keeps a Buy rating on Kohl's.

06/08/18

BARD

06/08/18NO CHANGETarget $85BARDOutperform

Kohl's price target raised to $85 from $73 at Baird

Baird analyst Mark Altschwager raised his price target on Kohl's to $85 from $73 following meetings with management. The analyst sees the company maximizing its market share as competitors exit the marketplace. The analyst noted Q4 comps remain a high hurdle, but management expressed confidence in it ability to "comp the comp" based on momentum. Altschwager reiterated his Outperform rating on Kohl's shares.

Jefferies analyst Randal Konik upgraded Planet Fitness (PLNT) to Buy from Hold and raised his price target for the shares to $75 from $49. The stock closed yesterday at $58.25. Planet Fitness is a platform for consumer aggregation "with tenets that resemble Amazon's successful model," Konik tells investors in a research note. Amazon.com's (AMZN) growth benefits from the shift to online consumption while Planet Fitness benefits from a growing wellness trend, contends the analyst. He calls Planet Fitness a platform, not a gym, and recommends looking at the company "through an Amazon prism." Planet Fitness' "attractive" pricing architecture, "large and growing" unit presence, advertising flywheel, expanding affinity network, and enhanced digital strategies "reduce frictional points with consumers, drive engagement, and widen the company's moat," Konik argues. He believes the company's valuation is justified with other platforms such as Amazon and Netflix (NFLX).